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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Minnetonka, Business Loans > First Minnesota Bank Minnetonka Business Loans > Physicians Loan | ||||
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Minnetonka Lenders
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Minnetonka, Minnesota Bank Gives SBA Loan to Physicians CompanyThinking about meeting with a Minnetonka, Minnesota bank about a business loan? Here's one Minnesota business loan, issued by a Minnetonka bank, that was approved by the SBA. Applying for an SBA loan with First Minnesota Bank worked out well for our friends at one local business in Coon Rapids (rr Name Coon Cree, Minnesota. They got an SBA loan for $100,000. Awesome! SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender FIRST MINNESOTA BANK This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 621111 - Physicians Loan Approval Date 10/26/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 17 existing jobs. Getting an SBA Loan For Your Business If you want money for new small business in Coon Rapids (rr Name Coon Cree MN, you ought to talk with a local Coon Rapids (rr Name Coon Cree SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coon Rapids (rr Name Coon Cree businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Minnesota Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Approved Banks in Minnetonka, Minnesota Getting an SBA Loan in Minnesota
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